Harfang books high grades at Sky Lake gold project in Ontario

[Redator]

Recent drilling by Harfang Exploration (TSXV: HAR) returned a highlight hit of 2.5 metres grading 35.6 grams gold per tonne from drilling in the Koval zone at its Sky Lake project in northwestern Ontario.

That interval, in hole SLA-25-04, included 15.6 metres at 4.54 grams gold from 290.85 metres, as well as 8.35 metres grading 7.52 grams gold and 2.5 metres at 35.59 grams gold, Harfang reported Wednesday. Sky Lake is about 500 km north of Thunder Bay.

“It has become obvious to us that there may be a significant mineralized system at Koval,” Harfang CEO Rick Breger said in a release. “The regional geology, the project geology, and the information we have gleaned from the drill program all suggest that this shear zone was once very active and is fertile. The delineation of this first mineralized shoot is testament to this fertility.”

SLA-25-04 was aimed at testing the down-plunge extension of the shallow high-grade mineralization found in hole SLA-25-03 earlier in May. It cut 17.95 metres grading 6.96 grams gold from 58.5 metres depth, including 13.4 metres at 1.97 grams gold and 8.2 metres at 10.28 grams gold.

Testing historical data

The results are from 1,338 metres of diamond drilling across six holes in the Koval zone from mid-March until early April. The program tested high-priority targets generated from analyses of historical data from 77 holes, most of which were from the early 1950s, Harfang said.

Winter drilling helped the company discover several mineralized zones, such as the red and yellow zones, both east-trending within a long shear corridor that is several kilometres long. The red zone is the main mineralized shoot at Koval.

The Sky Lake project sits between the past-producing gold deposits of the Pickle Lake gold district, the Dona Lake mine to the northeast and the Golden Patricia mine to the west.

Harfang plans summer drilling to follow up on the results from winter exploration.

Shares of Harfang jumped 11% to C$0.09 apiece on Wednesday morning in Toronto, giving the company a market capitalization of C$8.7 million.